Search for an article

HomeBTC UpdatesBitcoin Price Drops 8% from All-Time High: 5 Key Updates to Know...

Bitcoin Price Drops 8% from All-Time High: 5 Key Updates to Know This Week

Published on


Bitcoin (BTC) Continues Comeback Towards All-Time Highs: What’s Next?

Bitcoin (BTC) is starting a new week with a serious comeback as it continues to make significant gains, with the potential to reach all-time highs once again. After a 12% increase in the past week, BTC’s price strength shows no signs of slowing down as it approaches final resistance levels.

Analysts are closely watching multiple factors that could impact Bitcoin’s behavior going forward, including institutional demand, sell-side pressure, geopolitical events, and inflation. These factors are expected to contribute to market volatility in the coming days.

Despite the potential for day-to-day fluctuations, the overall outlook for Bitcoin remains optimistic on higher timeframes. After reaching all-time highs in March, BTC/USD is now retesting those levels as support, indicating a strong bullish sentiment in the market.

Bitcoin miners are also preparing to emerge from a capitulation phase, which historically results in significant price gains for BTC. The latest data from the hash ribbons indicator suggests that miners may soon see a recovery from this challenging period.

In addition to Bitcoin’s resurgence, the crypto industry is gearing up for the launch of Ethereum ETFs, marking another milestone in institutional adoption. Traders are anticipating increased volatility in Ether (ETH) prices as these ETFs go live, similar to the impact seen with Bitcoin ETFs earlier this year.

Overall, Bitcoin bears have seemingly disappeared from the market narrative, with social volumes for bearish terms dropping significantly. Market sentiment remains in “greed” territory, reflecting a positive outlook among investors and traders.

As Bitcoin continues its upward trajectory, investors are advised to conduct their own research and exercise caution when making investment decisions. The coming days are expected to be crucial for BTC’s price action, with potential for further gains and a return to price discovery.

Latest articles

5 Cryptocurrencies Set to Skyrocket in 2024: Top Picks for the Next Bull Run

Top Cryptocurrencies to Watch in 2024: BlockDAG, PEPU, FET, 5SCAPE, XMR Title: Top Cryptocurrencies...

Clandeno (CLD) ICO Speculated to Increase 20 Times as Bitcoin (BTC) Surpasses $63K and Solana (SOL) Expected to Hit $180

Cryptocurrency Market Update: Bitcoin (BTC) Surges Past $63K, Solana (SOL) Eyes $180, Clandeno...

Liverpool’s Trent Alexander-Arnold reportedly eyeing move to Real Madrid in upcoming transfer window – Paper Talk | Football News

Latest Football Transfer News and Rumours: Trent Alexander-Arnold to Real Madrid, Jurgen Klopp's...

Top Cryptocurrencies to Invest in Now – July 16: Pepe, MANTRA, Floki

Heading: Best Crypto to Buy Now - PEPE($PEPE), MANTRA($OM), FLOKI ($FLOKI) The cryptocurrency market...

More like this

5 Cryptocurrencies Set to Skyrocket in 2024: Top Picks for the Next Bull Run

Top Cryptocurrencies to Watch in 2024: BlockDAG, PEPU, FET, 5SCAPE, XMR Title: Top Cryptocurrencies...

Clandeno (CLD) ICO Speculated to Increase 20 Times as Bitcoin (BTC) Surpasses $63K and Solana (SOL) Expected to Hit $180

Cryptocurrency Market Update: Bitcoin (BTC) Surges Past $63K, Solana (SOL) Eyes $180, Clandeno...

Liverpool’s Trent Alexander-Arnold reportedly eyeing move to Real Madrid in upcoming transfer window – Paper Talk | Football News

Latest Football Transfer News and Rumours: Trent Alexander-Arnold to Real Madrid, Jurgen Klopp's...
bitcoin
Bitcoin (BTC) $ 108,870.17
ethereum
Ethereum (ETH) $ 2,529.65
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 673.89
solana
Solana (SOL) $ 171.50
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.231824
cardano
Cardano (ADA) $ 0.769429
tron
TRON (TRX) $ 0.268221
bitcoin
Bitcoin (BTC) $ 108,870.17
ethereum
Ethereum (ETH) $ 2,529.65
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 673.89
solana
Solana (SOL) $ 171.50
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.231824
cardano
Cardano (ADA) $ 0.769429
tron
TRON (TRX) $ 0.268221